Green Automotive Company (OTCMKTS:GACR)’s shares gained 0.40% to $0.03 on Friday. The company has seen tremendous growth in the past few quarters amid growing demand for the electric vehicles. What is more interesting is that the company is in initial stage of growth and any further progress could lead to a re valuation. Revenue for the group reached a record $3,025,850, representing a nearly 10 fold increase on 2012 ($320,648). Revenue increased each quarter in 2013 with following values: 1Q13 $218k, 2Q13 $429k, 3Q13 $1m, 4Q13 $1.4m. This Is almost 100% Sequential Growth! This increase is largely due to the ramp up of the company’s Newport Coachworks bus production and sales throughout the year, with production reaching nearly 2 buses per week by year end (from an empty factory in Feb 2013, and first bus delivery in May 2013).

GACR's display of innovative and high quality shuttle and limo buses saw over 450 bus operators visit their stand from the US, Canada, France, and a number of other regions: During the show, the company took orders for over $1.6 Mio.

The selling "star" was the Patriot, 19 to 23 seat shuttle bus, with 9 buses sold. 3 customers chose the biggest model, the Freedom 45, for its beautiful exterior design and finish. The up-market Limo bus with its fancy interior seduced 2 companies, for a total of 14 sales at the show!

The company has been building its empire by rapidly acquiring companies. Just On March 4th it Announced that it has signed a binding agreement to buy Transhock Ltd., a well established re-manufacturer and distributor of vehicle parts and accessories based in the West Midlands in the UK, the heart of the UK Automotive Industry. The company reported circa $7m+ of Revenues for the year ended 31st March 2013 (to UK GAAP), and was both profitable and cashflow positive. The transaction will be earnings accretive to GAC and was paid for with $1.8m in equity.

Tesla Motors Inc (NASDAQ:TSLA)’s shares gained 1.57% to $191.56. The company on May 7 reported a first-quarter loss and said sales of its Model X sport utility vehicle will be delayed until next year. Revenue rose to $620.5 million in the latest quarter compared to $561.8 million a year earlier. The company said it lost $49.8 million in the first quarter compared to a profit of $11.2 million in the same period a year earlier. Last year’s profit was helped by heavy sales of special California zero-emission-vehicle environmental credits to other automakers, a business that dried up in the latest period.

Ballard Power Systems Inc. (USA)(NASDAQ:BLDP)’s shares jumped 6.84% to $3.28. The company on May 13 announced that it has signed an agreement with CALSTART, a member-supported organization dedicated to clean transportation alternatives, to deploy a fuel cell hybrid bus in 2015 at the University of California campus in Irvine, together with partners BAE Systems, ElDorado National and the University of California, Irvine. Ballard will supply the Company's sixth generation FCvelocity(R)-HD6 power module, along with Engineering Services support. The 150 kilowatt power module features a control unit which interfaces with a system controller, making it a "plug-and-play" product for any fuel cell or hybrid fuel cell bus platform.

Plug Power Inc. (NASDAQ:PLUG)’s shares jumped 6.45% to $4.29. The company on May 14 reported its 2014 first quarter results. Total revenue for the first quarter of 2014 was $5.6 million, comprised of $3.2 million for product revenue, $2.1 million for service revenue and $0.3 million for research and development (R&D) contract revenue. This compares to total revenue of $6.4 million in the first quarter of 2013, which was comprised of $4.7 million for product revenue, $1.3 million for service revenue and $0.4 million for R&D contract revenue. Net loss for the first quarter of 2014 was $75.9 million, or $0.57 per share on a basic and diluted basis.

Additionally, research firm Cowen upgraded the stock of PLUG in a note to investors on May 15. The analyst cut his price target on the shares to $6 from $7.50 based on higher expenses and new shares issued by the company. However, Cowen upgraded the stock to Outperform from Market Perform.

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